After several years in the making, Elon musk has finally unveiled the Model 3 to the world, the car was unveiled at the company’s design studio in Hawthorne, California and it is the smallest and cheapest electric car to date with a minimum range of 215 miles (346km) per battery charge.
The Model 3 will also have Supercharging capabilities standard coupled with autopilot hardware, safety features and will feature a boot both in the front and back. It will go from 0-60MPH in less than six seconds, although faster versions will be available soon but at higher prices.
Tesla expects that by the end of 2017 about 7,200 Superchargers should be available on the road throughout the world, along with 15,000 Destination chargers, as Musk put it, “it’s about going where you want to go”. The company also intends to double its service and sales stores, from 215 to 441 in total.
The Model 3 will start at $35,000 (about £24,400), within a day of the launch, Mr Musk tweeted that 180,000 vehicles had been pre-ordered, he also added that, if the average price tag ended up at $42,000 (£29,500), this would equate to $7.5bn in one day.
Model 3 orders at 180,000 in 24 hours. Selling price w avg option mix prob $42k, so ~$7.5B in a day. Future of electric cars looking bright!
— Elon Musk (@elonmusk) April 1, 2016
The Model 3 isn’t expected to begin production until late 2017, more than 18 months from now, but Tesla will take your pre-order for $1,000 down payment. According to Musk, “you will not be able to buy a better car for $35,000, even with no options.” And it will be one of the safest cars in the world. Tesla expects the Model 3 to be its most successful car to date.
For those that didn’t happen to catch Tesla’s Model 3 stream, you can check it out below. If you re bored with the Tesla history bla bla bla… you can fast forward the clip to 12 minute and 30 sec to the Model 3 introduction
Tesla Motors, Inc. is an American automotive and energy storage company that designs, manufactures, and sells luxury electric cars, electric vehicle powertrain components, and battery products. Tesla Motors is a public company that trades on the NASDAQ stock exchange under the symbol TSLA. During the first quarter of 2013, Tesla posted profits for the first time in its history. Tesla manufactures equipment for home and office battery charging, and has installed a network of high-powered Superchargers across North America, Europe and Asia. The company also operates a Destination Charging program, under which shops, restaurants and other venues are offered fast chargers for their customers.